Baltcom summarises investment strategy

Latvia’s Baltcom has invested €6.87 million in upgrading its infrastructure in the last four years.

This, according to Dienas Bizness, has allowed it to increase network capacity and provide download speeds of up to 1 Gbps.

Quoting Dmitrijs Nikitins, Baltcom’s CEO, it adds that the company “made the business decision ahead of time to continually improve our service to existing customers – if the internet is stable and fast, no one wants to look for another supplier”.

Nikitins also said that the main problems identified when starting the upgrade were the lack of network capacity and the lack of routers.

Baltcom was established in 1991 and is one of the leading electronic communications companies in the Baltic Republics.

Owned by Luxembourg-based RPAX One, it claims a number of ‘firsts’ in the Latvian market.

These include the offering the first cable connection (1997), becoming the first mobile operator (1997), the first to provided digital TV serices (2004) and the first to offer broadband internet (2008).